ADB maintains PH GDP forecast at 6.5%

By Tiziana Celine Piatos

Sep 22, 2022 12:21 am

THE Asian Development Bank (ADB) said on Wednesday it is maintaining its 6.5-percent growth outlook for the Philippine economy this year, fueled by the country's recovery from the Covid-19 pandemic.

The Asian Development Outlook 2022 Update added that the growth projection for 2023 is kept at 6.3 percent as monetary policy tightening and accelerating inflation will affect domestic demand.

Photo shows a view of the Manila skyline with buildings lining Roxas Boulevard in Manila. The Asian Development Bank has retained its 6.5-percent economic growth outlook for the Philippines in 2022, citing the country’s exit from the Covid-19 pandemic. PHOTO BY J. GERARD SEGUIA

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

P60:$1 'a possibility' – BSP chief

Reciprocal tariffs 'for purposes of fairness'

DBP chairmanship eyed for DOF chief

Peso back at P57:$1; PSEi slumps

Approved foreign investments drop 85.4%

PH now more dependent on rice imports, says IBON

Check yields 19 vans of smuggled mackerel